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Oct 8, 2013
10/13
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and the imf is weighing in on the debt ceiling debacle. it warns of grave dangers if congress doesn't raise the u.s. borrowing limit. saying that a failure to act could do serious damage to the global economy. the group saying the that america is driving the worldwide recovery, adding we should all continue to see growth if political squabbling doesn't get in the way. >>> one consequence of the shutdown may be victims of domestic violence. kimberly has more. >> reporter: hank runs a shelter for victims of domestic violence in washington, d.c. her program relies on government money to function, and already dealing with a shortage because of federal cuts. but now with the partial shutdown she fears that soon -- >> there won't be anyplace for survivors to run to in an emergency, and more survivors will end up on the streets or end up -- god only knows -- dead as a result of domestic violence because they had no place to go. >> reporter: she estimates she can keep the shelter running for about another two weeks, then the emergency money she re
and the imf is weighing in on the debt ceiling debacle. it warns of grave dangers if congress doesn't raise the u.s. borrowing limit. saying that a failure to act could do serious damage to the global economy. the group saying the that america is driving the worldwide recovery, adding we should all continue to see growth if political squabbling doesn't get in the way. >>> one consequence of the shutdown may be victims of domestic violence. kimberly has more. >> reporter: hank...
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Jan 4, 2013
01/13
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. >> is the debt ceiling conversation absurd? this is my point. a lot of people feel that the whole ideas of not raising the debt ceiling and not paying obligations is extremely absurd. >> the intention of the debt seal ceiling is to control the amount of spending we do in the country. there's a whole strategic reason to have it. sorry, joe, we got to go. >> even if that's true, we may not -- >> the man in my head is yelling at me. >> thanks, joe. >> as the first week goes, so goes the year. >> the dow today up 43 points. the nasdaq and s&p at a five-year high. that does it for "closing bell." have a great weekend. "options action" starts right now. >> this is "options action." tonight money in the bank. finally soar in the new year. miss the rally, fear not. there's a trade in citigroup that could make you money if the stock goes up, down, or nowhere at all. plus heavy metals, gold and silver see their worst week in eight years. carter and kos say the pain is just starting, it will you where they see them heading next. and retail has been a wreck
. >> is the debt ceiling conversation absurd? this is my point. a lot of people feel that the whole ideas of not raising the debt ceiling and not paying obligations is extremely absurd. >> the intention of the debt seal ceiling is to control the amount of spending we do in the country. there's a whole strategic reason to have it. sorry, joe, we got to go. >> even if that's true, we may not -- >> the man in my head is yelling at me. >> thanks, joe. >> as the...
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Oct 16, 2013
10/13
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. >> january 15th, the government is funded until that point, february 7th is the new debt ceiling deadline. are we confident that this will pass the senate and clear the house? [ laughter ] >> reporter: well, i can say -- not that we have a horse in this game, dell, but anything can happen here, but, yes, it's looking like this will go forward, so -- because we're hearing from leader mitch mcconnell, the top republican in the senate that he is green lighting this. we have done our own headcount of members of the republican party in the senate, and enough of them are supporting it, so we have got that. the question was always would it be able to pass through the house, and as long as speaker boehner is willing to let it go to the floor for a vote, it does look like it will pass. so it looks like the u.s. will be able to get this done and not hit that milestone marker which would be, of course, unprecedented. i can't promise you anything, dell, but it looks like things are really moving forward you. >> libby casey, once again the situation on capitol hill appears that finally there has been
. >> january 15th, the government is funded until that point, february 7th is the new debt ceiling deadline. are we confident that this will pass the senate and clear the house? [ laughter ] >> reporter: well, i can say -- not that we have a horse in this game, dell, but anything can happen here, but, yes, it's looking like this will go forward, so -- because we're hearing from leader mitch mcconnell, the top republican in the senate that he is green lighting this. we have done our...
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Jan 6, 2013
01/13
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at this point, q-4, there's a couple things there. there's sandy and debt ceiling. we'll see corporate management refer to those two things a lot. but forward guidance. this is what stocks will trade on. we'll know quickly what that looks like for the first half of the year. >> one quick point about the vix statistic. it can be deceptive. when the vix is relatively low, 16, 17, and declines to 14, that seems like a big move. take a look at one of the data points there. looking at october of 1987, that was when we had a market crash, one of the largest ones ever. so seeing a significant outperformance of the market coming off the heels of that, not really what we're looking at. we're not in the same position that we were in late october of 1987 today. we're coming off a rally, not market crash. >> i know the year is young, but what led us higher last year are primarily leading us higher this year. financials and housing up 4%. specifically for financials, there have been so many analysts coming out this week specifically getting bullish on finances, upgrading the lik
at this point, q-4, there's a couple things there. there's sandy and debt ceiling. we'll see corporate management refer to those two things a lot. but forward guidance. this is what stocks will trade on. we'll know quickly what that looks like for the first half of the year. >> one quick point about the vix statistic. it can be deceptive. when the vix is relatively low, 16, 17, and declines to 14, that seems like a big move. take a look at one of the data points there. looking at october...
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Jan 15, 2013
01/13
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out he voted against raising the debt ceiling. suddenly the table has turned. if he was smart he would be more conciliatory to republicans instead of on-duty challenging them. gerri: far from it. the president says the responsible thing to do. making a like the republicans still want to do anything responsible for are not concerned about the nation's debt. what would be the consequences of letting the debt ceiling just -- not paying any attention to it? would it be hazardous? is this going to be something bad for the country? >> not necessarily. gerri: let's let brad answered. >> what happens is overnight the government has to go to a balanced budget. consider we have deficits of a trillion dollars plus. that is not an easy task even for those of us at the cato institute you want a dramatically smaller federal government. it does not mean default. the federal government is collecting ten times as much revenue as needed to pay interest on the debt. gerri: to that point, legislation that would force the treasury to prioritize spendi
out he voted against raising the debt ceiling. suddenly the table has turned. if he was smart he would be more conciliatory to republicans instead of on-duty challenging them. gerri: far from it. the president says the responsible thing to do. making a like the republicans still want to do anything responsible for are not concerned about the nation's debt. what would be the consequences of letting the debt ceiling just -- not paying any attention to it? would it be hazardous? is this going to...
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Jan 11, 2013
01/13
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gerri: you bring a degree point because the first time we had the debt ceiling issue, which is the one now looming in congress, we saved 2,000 points of the stock market. it did not last, thankfully, but it was scary. it may allow the people uneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all they're doing getting in our way causing a lot of banks and warrior necessarily for the american public and investors or a wide. gerri: a broader question. you're a smart guy and you watch all this stuff. one of the things the we're waiting for, listening tour, s&p, moody's, downgrade are dead again, what will happen? we will be the ramifications? how will that hit individual investor portfolios? >> there is a risk that traditionally when they're is a downgrade of a bond rating the value of the bond goes down as well, which means if you own u.s. government securities you're going to suffer a loss of valu
gerri: you bring a degree point because the first time we had the debt ceiling issue, which is the one now looming in congress, we saved 2,000 points of the stock market. it did not last, thankfully, but it was scary. it may allow the people uneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all...
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gerri: to tht point, we have the debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white hoe. are you kidding? >> u.s. you're right. the problem here is, between now and the end of february is everyone goin to say, well, here is a we need to do? are they going to agree on it? the republicans, i think, have corrected said we have done something on taxes. we raised it for everybody who works to raise taxes for those nasty rich folk. now cut spending in order to get on a gravel path to reduce he deficit. >> we enacted the greast tax cut in american history. 25 million new jobs. the american economy had confidence in president reagan. in what direction was going to be. that is what
gerri: to tht point, we have the debt ceiling looming. if we were to find a solution for the debt ceiling from whether it makes democrats or republicans happy, we have some kind of resolution on the fiscal cliff. if we were to do the debt ceiling and take care of sequestration, do you think employers will start hiing? >> the best we could do would be to come up with a credible long-term plan. gerri: credible long-term plan on capitol hill and the white hoe. are you kidding? >> u.s....
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Oct 15, 2013
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as they indicated that they believed there would not be a debt ceiling surpassed those numbers began to drop to where we are right now. that effects you and your packet book. that is your 401k. once again the house speaker saying we may be beginning to see some light at the end of the tunnel. we'll be right back. [[voiceover]] every day, events sweep across our country. and with them, a storm of views. how can you fully understand the impact unless you've heard angles you hadn't considered? antonio mora brings you smart conversation that challenges the status quo with unexpected opinions and a fresh outlook. including yours. >>> as we mentioned before that republican news conference, the suspected leader of al-qaeda recently captured in libya is set to appear inside a new york city courtroom later today. a grand jury indicted him for the u.s. embassy bombings in kenya and tanzania. jonathan how big of a moment is this for federal prosecutors? >> reporter: dell, it's certainly a big catch for the justice department. he was on the most-wanted list for years. there was a $5 million boun
as they indicated that they believed there would not be a debt ceiling surpassed those numbers began to drop to where we are right now. that effects you and your packet book. that is your 401k. once again the house speaker saying we may be beginning to see some light at the end of the tunnel. we'll be right back. [[voiceover]] every day, events sweep across our country. and with them, a storm of views. how can you fully understand the impact unless you've heard angles you hadn't considered?...
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Jan 14, 2013
01/13
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if you want the debt ceiling raised come at some point we're going to have to address spending cuts. this is as good a time as any. i don't think they should go all in, draw a line in the sand and shut the government down because the public doesn't know a heck of a lot about this. they could be the recipient of the blame for this. gerri: use a dollar for dollar doesn't work. >> it will not stop the debt from growing as a percent of gdp because the gap is too large. >> i'm not saying it will balance the budget. we have to start the conversation, this is a good place to start making inroads. that is when republicans really have to draw the line in the sand. gerri: you were saying, which i thought was interesting, somewhat at odds with the conservative pundits that has to be some negotiation, give or take on both sides. >> what i said was any increase in taxes on income that would otherwise be invested should be linked to stopping debt from growing as a percent of gdp because i was afraid in the first round of negotiations republicans simply give away tax increases but basically what ha
if you want the debt ceiling raised come at some point we're going to have to address spending cuts. this is as good a time as any. i don't think they should go all in, draw a line in the sand and shut the government down because the public doesn't know a heck of a lot about this. they could be the recipient of the blame for this. gerri: use a dollar for dollar doesn't work. >> it will not stop the debt from growing as a percent of gdp because the gap is too large. >> i'm not saying...
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Jan 8, 2013
01/13
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ceiling and the fiscal cliff, or is there a point that you believe the debt ceiling fight damages the economy? >> i think we're already there, and i think you only need to look back at what happened a year ago or in the summer of 2011 when we hit that ceiling, and, in fact, even paying for it, maria, had a little spike in interest rates that went along with that. had to issue some debt that's still outstanding according to the budget priority center, costing us 18 billion over the last ten years in just in debt costs alone but because it's hurting us right now, maria, doesn't mean it can't get worse and it will probably. i don't know if you saw the small business confidence numbers this morning. they were up 0.5 from one of the lowest levels in 38 years. we have really taken small business optimism and put it in the gutter right now, and so it's a real problem for the economy right now, getting on a correct fiscal track would really have a lot of benefits. >> i mean do, they not understand that? it seems so obvious. >> it strikes me there's a rule they ought to be thinking about it. t
ceiling and the fiscal cliff, or is there a point that you believe the debt ceiling fight damages the economy? >> i think we're already there, and i think you only need to look back at what happened a year ago or in the summer of 2011 when we hit that ceiling, and, in fact, even paying for it, maria, had a little spike in interest rates that went along with that. had to issue some debt that's still outstanding according to the budget priority center, costing us 18 billion over the last...
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Oct 15, 2013
10/13
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ceiling. the senate version touched a little bit of the health care law, but this republican plan pushes back harder, dell. >> have we heard from the point person, senator harry reid on what he might have to say? >> yes, a loud and clear response from democrats both in the house and accept nate. take a listen to senator reid. >> the house republicans leadership plan that is now out is a plan to advance an extreme piece of legislation and nothing more than a blatant attack on y bipartisan ship. >> the white house has also put out a response, that is . . . so you can see there democrats are saying we won't play. here is why this is so crucial. the senate plan can go forward if senate republican leadership can get their members on board and democratic leadership can get their members on board, but the clock is running out to thursday, and if the house has its own plan where do they come together and how can they meet? that's not looking so good, dell. >> thank you very much. >>> the world war ii
ceiling. the senate version touched a little bit of the health care law, but this republican plan pushes back harder, dell. >> have we heard from the point person, senator harry reid on what he might have to say? >> yes, a loud and clear response from democrats both in the house and accept nate. take a listen to senator reid. >> the house republicans leadership plan that is now out is a plan to advance an extreme piece of legislation and nothing more than a blatant attack on y...
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Jan 10, 2013
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that means lew will be the main point person for this debt ceiling drama. so, what does this mean ahead of what is likely to be another hard fight? perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something called the great lakes restoration initiative. not eliminating it, just cutting it by maybe a quarter of its present cost. a sav
that means lew will be the main point person for this debt ceiling drama. so, what does this mean ahead of what is likely to be another hard fight? perhaps the best clues for that are in an op-ed from two years ago from jack lew. inis entitled "the easy cuts are behind us." the piece absolutely advocates getting out of our debt and getting the debt and deficit under control. but it does so by discussing some cuts in defense and then examples of scaling back things like something...
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Jan 14, 2013
01/13
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along the points that john was just making in terms of the debt ceiling. the treasury secretary now saying he expects to exhaust the extraordinary measures used to fund the government now between mid-february and early march of this year. a bit of clarity on the time frame. treasury secretary coming down pretty hard here on what the effects would be of not raising the debt ceiling saying even a temporary default with a brief interruption in payments that congress restores would be terribly damaging. calling into question the willingness of congress to uphold america's long-standing commitment to meet obligations of the nation in full and on time. default would increase borrowing costs and therefore add to future budget deficits. this letter from the treasury secretary intended to put more political and public pressure on congress to do something on the debt ceiling. so we're seeing the administration across the board acting in a very conservative way today. >> thank you very much. >>> up next, he spent millions of his own money warning about dangers of soc
along the points that john was just making in terms of the debt ceiling. the treasury secretary now saying he expects to exhaust the extraordinary measures used to fund the government now between mid-february and early march of this year. a bit of clarity on the time frame. treasury secretary coming down pretty hard here on what the effects would be of not raising the debt ceiling saying even a temporary default with a brief interruption in payments that congress restores would be terribly...
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Oct 10, 2013
10/13
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the ransom, the hostage, deflating the shut down and the debt ceiling and now this possibility, it appears at this point, and there is a lot of am big utety in what the white house has been saying. but it eight peers this point there is room to negotiate if there's wiggle room, then there is space to negotiate and house republicans as a matter of fact, are due at the white house. the leadership and key committee to meet with the president today, it lasted an hour 23456, he put forward the six week extension of the debt limit bringing it to november 22nd. again, unclear what kind of writers will be on this, but it looks like it is relatively clean. let's listen to john baner at that meeting. >> i don't want to put anything on the table or take anything off the table. boehnep. listen, i think the president wants deal with the pressing problems just as much as we do, but in order to deal waythese, we have to sit down and have a conversation that leads to a negotiation that begins to solve these problems for the future and for frankly our kids and our grandkids. >> again, question will see how
the ransom, the hostage, deflating the shut down and the debt ceiling and now this possibility, it appears at this point, and there is a lot of am big utety in what the white house has been saying. but it eight peers this point there is room to negotiate if there's wiggle room, then there is space to negotiate and house republicans as a matter of fact, are due at the white house. the leadership and key committee to meet with the president today, it lasted an hour 23456, he put forward the six...
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Jan 7, 2013
01/13
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on the debt ceiling, i guess i just point out that the market's kind of been twice burned on this on the pessimistic side. whether or not this is the battle royale we've been waiting for here, yob. but two out of the last three times you were better off sitting there and holding unless you had exquisite timing and were able to get in at the bottom. >> let's turn to you rick santelli. i want to get your reaction to what peter says. he says on the debt ceiling we've been here before. we know how this ultimately plays out. and in his words, i don't mean to overstate your case, peter. you did it brilliantly before. it's going to be a piece of cake. how do you see it and traders you're talking to see it? >> they think the rotation out of fixed income into equities is definitely going to continue. but it's going to be like turning a barge in a very small waterway and it's going to take a lot of time. now, just for the first week we see yields are up on the tens. stocks are up about 2%. but don't look for that pace obviously to continue. and in terms of the debt ceiling, i actually in part
on the debt ceiling, i guess i just point out that the market's kind of been twice burned on this on the pessimistic side. whether or not this is the battle royale we've been waiting for here, yob. but two out of the last three times you were better off sitting there and holding unless you had exquisite timing and were able to get in at the bottom. >> let's turn to you rick santelli. i want to get your reaction to what peter says. he says on the debt ceiling we've been here before. we...
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Jan 7, 2013
01/13
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i think the big thing for earnings in general, you talk about the fiscal cliff, the debt ceiling. in the fall of 2011 when mario draghi instituted the operation, that's the point we see markets really start to rally. by doing that he took the chance of a banking collapse off the table. that's why earnings have not fallen off a cliff. the rates of the estimate cuts have been getting less severe. majority of companies are guiding but a lesser rate. that's a positive delta. that's bullish for the market. >> got to love mario and ben, i think. thank you very much. we'll see you soon, guys. appreciate that. >>> looking for an investment option that won't hit you with a tax sticker shock? coming up our bonds expert tells us why muni bonds -- get the notebook out because he'll explain. >>> then life in the fast lane. some ponying up 1.6 million bucks to own a new car that habit even passed u.s. safety tests yet. our wealth editor robert frank takes one for a careful spin. stay with us. ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching.
i think the big thing for earnings in general, you talk about the fiscal cliff, the debt ceiling. in the fall of 2011 when mario draghi instituted the operation, that's the point we see markets really start to rally. by doing that he took the chance of a banking collapse off the table. that's why earnings have not fallen off a cliff. the rates of the estimate cuts have been getting less severe. majority of companies are guiding but a lesser rate. that's a positive delta. that's bullish for the...
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Jan 19, 2013
01/13
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we have two points we can leverage. one is the debt ceiling. the other is the cr that comes due on march 27th. the cr might be a the better place to use that leverage. but one place or another we need to decide that both sides need to come together at the table of common sense and begin to put america on a sustainable course of economics. >> what does a guy like you say then to the tougher parts of the republican party? not as many are in the senate as in the house. you talk about simpson bouls. i agree. most americans would find simpson/bowles a little tough. there are some difficult things in there most republicans and democrats wouldn't even put forward. the vice presidential candidate, paul ryan, was one of those guys on that committee and didn't vote for it. how do we get hard line republicans to say these are tough decisions, they're not going to be palatable, they're way further than most republicans would go in terms of debt spending cuts? >> ali, we have a tough problem. whatever solutions we come up with are going to be tough. but i w
we have two points we can leverage. one is the debt ceiling. the other is the cr that comes due on march 27th. the cr might be a the better place to use that leverage. but one place or another we need to decide that both sides need to come together at the table of common sense and begin to put america on a sustainable course of economics. >> what does a guy like you say then to the tougher parts of the republican party? not as many are in the senate as in the house. you talk about simpson...
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Oct 10, 2013
10/13
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i'm talking about raising the debt ceiling, not the government shutdown. the debt ceiling is what i'm talking about. all governments spend more than they take in. this one in particular has to borrow, and they do that by printing money and selling debt to countries around the world. now the problem is there are some politicians who say it really doesn't matter if the debt ceiling isn't raised because the government is still bringing in money anyway through our tax -- >> if they pick and choose. >> if they pick and choose, basically, then things will be fine. jack lew's job, treasury secretary is to go in and say this cannot happen. after next thursday i will have $30 billion in the bank and that's all. and that's not enough. the last 224 years no congress has ever failed to raise the debt ceiling, and then he quoted ronald reagan by saying, even though the u.s.'s credit rating was downgraded two years ago, even with that, losing the aaa rating, the full faith and credit of the united states is still even today one of its greatest aspects. take a listen to
i'm talking about raising the debt ceiling, not the government shutdown. the debt ceiling is what i'm talking about. all governments spend more than they take in. this one in particular has to borrow, and they do that by printing money and selling debt to countries around the world. now the problem is there are some politicians who say it really doesn't matter if the debt ceiling isn't raised because the government is still bringing in money anyway through our tax -- >> if they pick and...
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Jan 16, 2013
01/13
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ceiling as a leverage point of some kind. what do you say? >> well, i think it's absolutely irresponsible that continue to spend like we're spending in washington, d.c. we've gone from borrowing 40 sent out of every dollar we're spending to now at 42 cents of every dollar we're spending and no end in sight. that's the irresponsibility. i think it's unfortunate and really disheartening that we don't -- that we have this even confrontation coming up. why don't we see some leadership out of the democrats and out of president where they say we understand we've got to have spending cuts and actually propose some. they have got some revenue enhancements already. we don't have to have a confrontation. just propose some spending cuts that make some sense, some entitlement reform and we'll move on together. >> right, right. what do you say to the fact that the president now has said this repeatedly, and that is that he's basically saying congress is not going to renege on things that congress approved. if you approved this spending, y
ceiling as a leverage point of some kind. what do you say? >> well, i think it's absolutely irresponsible that continue to spend like we're spending in washington, d.c. we've gone from borrowing 40 sent out of every dollar we're spending to now at 42 cents of every dollar we're spending and no end in sight. that's the irresponsibility. i think it's unfortunate and really disheartening that we don't -- that we have this even confrontation coming up. why don't we see some leadership out of...
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Oct 9, 2013
10/13
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, if the debt ceiling is breached on october 17th, we will see a s w slowdown in the economy. >> joining us now to tell us just a about more about what that appointment might mean for our economy is our business correspondent. first woman ever to lead the fed what does this mean? >> it means a lot on what the fed will do. she a new yorker born in brooklyn. she met her husband while working at the fed in the 1970s. he is a nobel prize-winning economist. they have done work together. >> speaking of the markets, the fact that they are relatively flat right now seems that we might be looking at consistency when it comes to janet yellen. >> correct. and that's one of the things that the markets value. she has been a huge supporter of bernanke especially when the feds were loaning banks money when no one else did. interestingly she also has vice chair helps manage the process by which the fed gives advise so investors about which way interest rates will go. >> thank you very much. >> you're welcome. >>> the white house is expected to officially nominate yellen at 3:00 eastern time. and al jaze
, if the debt ceiling is breached on october 17th, we will see a s w slowdown in the economy. >> joining us now to tell us just a about more about what that appointment might mean for our economy is our business correspondent. first woman ever to lead the fed what does this mean? >> it means a lot on what the fed will do. she a new yorker born in brooklyn. she met her husband while working at the fed in the 1970s. he is a nobel prize-winning economist. they have done work together....
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Oct 12, 2013
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ceiling that we're at a breaking point a w poll shows 60 percent of americans would fire every single member of congress you almost he to lau at at how ridiculoustseems that we're even at this point. so why not make a game of it? to the treasury and the international monetary fund and editor of "the wl street journal" editorial pagetheseuys know their stuff. thank you. we will break this down in the who wind up paying 310 million buthe appral rating 24% for the grand old party they have a favoble reviewf the g.o.p.. is it salvaged fro this? >>. >> i take it in context. thg.o.p. loses but i don't want to move too far ahead but i don't see anyinners with this wole esode but we will take get one a time. >> they take the bgest poling hit there is a chapter they could win the next battle? >> the short term election? >> they could get reform out of the negotiations or politically they reveal the esident has no intention to reform anything. adam: so space out if they prefer a democrat-controlled congress to agovernment - republican? of this is accurate win or lose? >> i think the republicans
ceiling that we're at a breaking point a w poll shows 60 percent of americans would fire every single member of congress you almost he to lau at at how ridiculoustseems that we're even at this point. so why not make a game of it? to the treasury and the international monetary fund and editor of "the wl street journal" editorial pagetheseuys know their stuff. thank you. we will break this down in the who wind up paying 310 million buthe appral rating 24% for the grand old party they...
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Feb 5, 2013
02/13
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moving the debt ceiling negotiations back a little bit we got a bit of a bounce. >> what i mean, you'll probably -- listen, we had the bounce today, down 130 points based on political instability in europe. rally right back, the president going to get through that and talk about long-term cuts. i don't think you'll get much more, we'll be stuck here around 14,000. >> long-term ron barron was on cnbc. he made a pretty outrageous projection, we've all been talking about it down here. let's take a listen to what he had to say. >> i'm expecting 7% average growth for extended period of time since we're below where stocks normally trade. how long will that take? 7% a year, you double your money every 10 years. that means if the stock market is 14,000 now, it could be 28,000 in 10 years and 50 or 60,000 in 20 years. >> ron barron is a very successful money manager. he's made a lot of money for his clients and for himself but that sound bite has a lot of people scratching their heads. >> i checked those numbers on 7%, with or without inflation, i'm not sure the economy's long-term growth at 7%.
moving the debt ceiling negotiations back a little bit we got a bit of a bounce. >> what i mean, you'll probably -- listen, we had the bounce today, down 130 points based on political instability in europe. rally right back, the president going to get through that and talk about long-term cuts. i don't think you'll get much more, we'll be stuck here around 14,000. >> long-term ron barron was on cnbc. he made a pretty outrageous projection, we've all been talking about it down here....
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Jan 15, 2013
01/13
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know you recommend spending cuts, but do you believe the gop should be using the debt ceiling as a leverage point to get to the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they are going to try it, and how far they will go with the guam of chicken, i have no idea, but i can tell you can't -- you really can't -- this is stuff that we've already indebted ourselves. i mean, if you're a real conservative, really honest conservative without hypocrisy, you would want to pay your debt, and that's what this is. they are not running up anything new. they are paying off and who can believe -- i mean, they owe $16.4 trillion and by the late caper they did they added 4 trillion to it. i mean, this is madness, but anyway. >> right. >> there are other places to play the bat. can you play that battle at sequester time instead of mindless cuts in defense and non-defense. >> right. >> you can play that game at the continuing resolution which is inside baseball which means you're going to chicken out again and just extend and exten
know you recommend spending cuts, but do you believe the gop should be using the debt ceiling as a leverage point to get to the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they are going to try it, and how far they will go with the guam of chicken, i have no idea, but i can tell you can't -- you really can't -- this is stuff that we've already indebted ourselves. i mean, if you're a real conservative, really...
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Oct 17, 2013
10/13
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ALJAZAM
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we were all expecting a crash as the debt ceiling got closer and closer and it never came, and that was because wall street said we are seeing through your shenanigans, washington, d.c. and they were able to take out the politics from the wider debate and focus on what the real issue always was, and it was always clearly reopening the government, but most urgently getting that debt ceiling raised. and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the remarkable thing, that wall street completely ignored washington, d.c., just set it to one side, and to it? of the opinion that the economists and investors, and market makers are of the opinion that maybe the biggest hurdle to sustain and enhance growth in the u.s. economy are the elected representatives in washington, d.c., based on the fact we could back here in three month's time. >> a lot of that data that we refer to has been backed up because of the shutdown. when is that going to be released? and how will it effect the ma t mafkt -- market? >> that's a good point. there is no piece of informati
we were all expecting a crash as the debt ceiling got closer and closer and it never came, and that was because wall street said we are seeing through your shenanigans, washington, d.c. and they were able to take out the politics from the wider debate and focus on what the real issue always was, and it was always clearly reopening the government, but most urgently getting that debt ceiling raised. and wall street never doubted that the debt ceiling wouldn't be raised. so for me that's the...
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melissa: go ahead, doug. >> i want to point outgoing over the debt ceiling doesn't cut spending. the fact that the treasury doesn't have the money doesn't relief them of the obligation to spend it. it is the law of the land to spend the money. melissa: hang on, guys. hang on. we have to talk one at a time. what it actually says i'm not going to extend you anymore credit until you get your books in order. why should i give you more credit to spend when you haven't figured out how you're going to live within your means? why is that wrong, doug? >> that's right. in fact the fact that the you know, your teenager overspent their credit card doesn't mean you don't pay the bill. melissa: you say i will not raise the limit to get your act together. >> my point if you want to cut spending pass laws to cut spending. hitting debt ceiling doesn't do it. >> we have go different issues. one is the debt ceiling. the second is the sequester. doug is right, debt ceiling expiring doesn't automatically cut spending but the sequester does. cuts across the board manner, social security, medicare and
melissa: go ahead, doug. >> i want to point outgoing over the debt ceiling doesn't cut spending. the fact that the treasury doesn't have the money doesn't relief them of the obligation to spend it. it is the law of the land to spend the money. melissa: hang on, guys. hang on. we have to talk one at a time. what it actually says i'm not going to extend you anymore credit until you get your books in order. why should i give you more credit to spend when you haven't figured out how you're...
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Sep 27, 2013
09/13
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ALJAZAM
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. >> failure to raise that ceiling like we have at every point over the past 100 years, could because a huge problem. the 2011 debt ceiling crisis where the debt ceiling was not breached is estimated to v cost the federal government $1.3 billion in fiscal year 2011. >> reporter: back then congressman aged to raise the debt level at the 11th hour. that caused a credit downgrade and sent the market plummeting more than 16 points. >> republicans say they are open to raising the debt limit, but they have several demands . . . iranian president hassan rouhani is scheduled to hold a news conference in new york at this hour. the event has seen a week that has seen a change in tone from iran. it agreed to take part on its nuclear program next month. and rouhani and president obama have called for a change in relations between the two countries. >>> syria's use of chemical weapons and john terrett is following progress on both issues. john what can we expect today? >> reporter: we predicted from the outset this would be a newsies general assembly, and i have slept through a fair few of these g
. >> failure to raise that ceiling like we have at every point over the past 100 years, could because a huge problem. the 2011 debt ceiling crisis where the debt ceiling was not breached is estimated to v cost the federal government $1.3 billion in fiscal year 2011. >> reporter: back then congressman aged to raise the debt level at the 11th hour. that caused a credit downgrade and sent the market plummeting more than 16 points. >> republicans say they are open to raising the...
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Oct 17, 2013
10/13
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>> well, i think first of all it's time to separate the story about the debt ceiling and the government being shut down from the dow jones because you can see at the moment the main market is down around 40 points, and that is because of some companies who are having difficulty in the market today. but really we're back to normal now. the market has put everything behind them and moved on. ta -- president obama talked about the full faith of credit in the united states not being questioned. i think it is being questioned. because people around the world who may have been on the wrong end of not getting their interest payments, they realize that republicans were willing to tie the brink. and jack lew saad the credit reputation is one of the united states greater assets. according to dow jones and also the s&p, the cost lost is around $24 billion. i know laid off workers, the furloughed workers will get back pay eventually, but there is two or three weeks that is gone where they won't be spending money. they won't be taking their sons and daughters to the zoo because now they are running
>> well, i think first of all it's time to separate the story about the debt ceiling and the government being shut down from the dow jones because you can see at the moment the main market is down around 40 points, and that is because of some companies who are having difficulty in the market today. but really we're back to normal now. the market has put everything behind them and moved on. ta -- president obama talked about the full faith of credit in the united states not being...
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Jan 15, 2013
01/13
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. >>> the finger pointing has long since started in washington as the debt ceiling key bait speaks up. president obama issued this warning to house republicans during a news conference yesterday. take a listen. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the people is not eleven rafrmged to with used. it is not a bargaining chip. and they'd better choose quickly because time is running short. >> representative lynn jenkins is a republican from kansas. she is also the house republican vice chair. i guess basically i should ask you to respond to the president. >> well, i wish the president would stop campaigns and come over to the hill and have a conversation with us. republicans are willing to work with this situation which is our out of control wasest watt errand spending. >> you'd like to have him -- he sayed yesterday he has a nice pick imevery year. he said this in the wall street toufrpd. it's wrong to think of it as ooh long stamp. those days are onner. that debt limbet is one of the last steps toing tagt tachlk
. >>> the finger pointing has long since started in washington as the debt ceiling key bait speaks up. president obama issued this warning to house republicans during a news conference yesterday. take a listen. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the people is not eleven rafrmged to with used. it is not a bargaining chip. and they'd better choose quickly because time is running short. >>...
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Oct 11, 2013
10/13
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FBC
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they presentedhe debt ceiling deal to the predent just moments ago wrapping up their meeting. correspondt ed henry on the scene with the report. >> reporr: for the first time in this standoff, finally some glimmers progress. senate democrats met for an hour-and-a-half the president obama and the marist to sugge th are inching closer to deal with house republicans. >> we will again is clearly a closely as we can. >> reporr: a small group of house republican negotiators arrived with that's something for the president just hours after the sppaker of the house unveiled a proposaa to mixed reaction fm conservatives. the plan wod give t esident this 6-week extension ofhe debt ceiling that would push pential default back unti november 22nd read before thanksgiving. both parties wou b appointed to try and work out aroader budget package of the president agrees to sit and talk about spending cuts and tax reform as part of a deal toet the governme back open. >> it is time f these negotiations and is compensation to begin, and i wou hope that the president would look this an opportunity
they presentedhe debt ceiling deal to the predent just moments ago wrapping up their meeting. correspondt ed henry on the scene with the report. >> reporr: for the first time in this standoff, finally some glimmers progress. senate democrats met for an hour-and-a-half the president obama and the marist to sugge th are inching closer to deal with house republicans. >> we will again is clearly a closely as we can. >> reporr: a small group of house republican negotiators arrived...
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until the debt ceiling issue, washington is a side issue, all of the noise around when you put to table will hopefly not matter a lot to markets. >> to that point, john ellison, heept repeating monetary matter. the federal reserve is only game in town, any hint they sp feeding this with 85 billion a month of buying securities and keeping interest rates as low as they have,hen allets are off. >> i agree, it is interesting, there reasonor stock market to have risen but the market ahead of the economy. we have a lower per capita income since 200 we have challeng in europe, china and india that impactsur economy. it is clear that fed is driving a lot of what is going on in the stock market. while the fed can print money for a while, some day, you have to stop doing that. when it does, you could have a rise in interest rate that would impact the relative investment in stocks, maybe not in june it could be a yearr 2 from n, but, fed policy has to change. neil: you know, pat, i without getting too work. ed out here. one thing i notice in this month of june, its one of the more probletic months
until the debt ceiling issue, washington is a side issue, all of the noise around when you put to table will hopefly not matter a lot to markets. >> to that point, john ellison, heept repeating monetary matter. the federal reserve is only game in town, any hint they sp feeding this with 85 billion a month of buying securities and keeping interest rates as low as they have,hen allets are off. >> i agree, it is interesting, there reasonor stock market to have risen but the market...
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Oct 9, 2013
10/13
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FOXNEWSW
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faces what the administration calls the line in the sand for congress to raise the debt ceiling, at point at which the treasury secretary says he will have no more options. and the country could face default. in the midst of a polarizing partisan disagreement about almost everything, there is one situation that i'll agree must be addressed. involving families of fallen military personnel. we have fox team coverage, brit hume is here in the bureau. ed henry is at the white house updating what the president and his people are doing. but we begin with national security correspondent jennifer griffin at the pentagon. >> good evening, jennifer. >> good evening, bret. after two days of political gripping the congress scrambled to make a resolution to make things right. >> reporter: they paid the ultimate sacrifice for the nation and their families were paid the ultimate insult. denied the $100,000 in death benefits and paid travel to dover air force base to meet their next of kin due to the partial government shutdown. sergeant joseph parts, first lieutenant jennifer marino, sergeant patrick ha
faces what the administration calls the line in the sand for congress to raise the debt ceiling, at point at which the treasury secretary says he will have no more options. and the country could face default. in the midst of a polarizing partisan disagreement about almost everything, there is one situation that i'll agree must be addressed. involving families of fallen military personnel. we have fox team coverage, brit hume is here in the bureau. ed henry is at the white house updating what...
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Jan 17, 2013
01/13
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you took everything off ahead of the debt ceiling or ahead of the fiscal cliff or whatever was going on at that point in time. where your today? >> my toes are back in the water. for the last several weeks i've been buying selectively here and there. i'm still on lie about 25% invested. in expiration week i'm usually 100%. i'm not as confident but today's move in particular, driving up through the resistance which was somewhere around the 7414, 74 area in the s&p we blew through that. that's a positive sign. and the fact that while apple had been having those sessions where it was down $20 session after session, with that big turn around yesterday, you take a look at it here, nobody would have guessed that apple could be down as much as it had been down over the last several weeks and still the market at record highs. >> why so little love for the market. housing starts today highest since 2008. jobless claims fall more than expected. philly fed market highs of the day. >> my main season in i can get the same exposure to the market without being in the market in the equities themselv
you took everything off ahead of the debt ceiling or ahead of the fiscal cliff or whatever was going on at that point in time. where your today? >> my toes are back in the water. for the last several weeks i've been buying selectively here and there. i'm still on lie about 25% invested. in expiration week i'm usually 100%. i'm not as confident but today's move in particular, driving up through the resistance which was somewhere around the 7414, 74 area in the s&p we blew through that....
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ceiling thing you want to make a point about yes i think that when you mentioned before about how republicans are trying to establish what the priorities would be if the debt ceiling yeah you said there's legislation that he's trying to present oh he set the priorities and if he does and the president has to follow that lead and to me is plan is to pay the debt and then pay the military that's his meetings with senior citizens ok will you leave the base on the table or students were a program on the table you leave richard allow me to do my family and i really am very so so what's left is yesterday the president saying that the republicans would then therefore put veterans out of their paychecks people on welfare would lose their paychecks republicans are doing this to you he said republicans don't even care they're suspicious about feeding poor children i mean all sorts of like like crazy demonize is not true the republicans typically don't oppose food stamps. mean they want to cut it i mean for the budget yes if we crossed the threshold the debt ceiling without a resolution to raise it it i
ceiling thing you want to make a point about yes i think that when you mentioned before about how republicans are trying to establish what the priorities would be if the debt ceiling yeah you said there's legislation that he's trying to present oh he set the priorities and if he does and the president has to follow that lead and to me is plan is to pay the debt and then pay the military that's his meetings with senior citizens ok will you leave the base on the table or students were a program...
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Sep 12, 2013
09/13
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FBC
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i think the debt ceiling is another one. what we saw in syria, all of that more than compensated for. some of these disturbances will upset the equity market as well. dennis: what about the notion if i am a longer-term investor, let's say the government shuts down, call me crazy, i am thinking it will reopen eventually. >> if you look at what is happening around -- you get this diplomatic resolution that is being discussed. the markets rally, but they do not rally back to where they were. they should use these opportunities to out onto positions. dennis: all of those factors are reasoned the dow hits 16,000 by year end. first one was due not overpay for prospects. >> it factly. if you overpay for it, you pay the consequences. it helps reduce profit margins. you want to be very careful about stock selection. dennis: thank you. we appreciate you being here today. what is bugging me? class warfare in the new york mayor's race and beyond. this is bill de blasio. back in april, this guy ran fourth or fifth in the polls. how did h
i think the debt ceiling is another one. what we saw in syria, all of that more than compensated for. some of these disturbances will upset the equity market as well. dennis: what about the notion if i am a longer-term investor, let's say the government shuts down, call me crazy, i am thinking it will reopen eventually. >> if you look at what is happening around -- you get this diplomatic resolution that is being discussed. the markets rally, but they do not rally back to where they were....
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we are very concerned of getting to the debt ceiling point because we do have so many small businesses, 3.5 million actually that contract and do business with the federal government. we think it is imperative we have a thoughtful process to work through this, but now is the time to be talking about this spending. we cannot continue to borrow in order to keep the lights on in the federal government. we know there is a lot of waste, fraud, abuse and misuse of taxpayer funds in bureaucracy. prime example, epa says 93% of their employees were not essential. there are components there that we are conducting our due diligence on. we're looking at programs that can be winding down. taking items that have to be funded to the floor. we are asking harry reid please take these pills up 1 at a time, pass them through the senate, join us in this effort, make certain we complete reepening all of the federal government and then focus on how we deal with the long-term systemic problems of the overspending and the nation's debt. ashley: very quickly, lastly we have heard it he will meet with house rep
we are very concerned of getting to the debt ceiling point because we do have so many small businesses, 3.5 million actually that contract and do business with the federal government. we think it is imperative we have a thoughtful process to work through this, but now is the time to be talking about this spending. we cannot continue to borrow in order to keep the lights on in the federal government. we know there is a lot of waste, fraud, abuse and misuse of taxpayer funds in bureaucracy. prime...
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Sep 11, 2013
09/13
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ceiling. you know the list. you've been talking about it. i'm not going to jump in with both feet. a dollar cost averager into equities broadly. the story has been the u.s. i don't want to give up on u.s. but as your last said, europe. i'm not getting into emerging markets, i feel like i'm on a falling knife. >> talking about europe has bottomed and i want your take on europe and emerging markets which have seen outflows all year. is india beginning to turn here? >> i think india still has its problems. the currency story there. look, i'm a sucker. i believe the long-term story in the emerging markets. faster growth, faster middle class, faster consumption growth. so, on weakness, when you can get these kind of discount in valuations for the emerging markets relative to develop, i want to be is there. on europe, i think we're getting less bad news out of europe. not enough good news yet. that will come. >> in terms of europe, we've already seen the markets, mixed markets there. a number of mar
ceiling. you know the list. you've been talking about it. i'm not going to jump in with both feet. a dollar cost averager into equities broadly. the story has been the u.s. i don't want to give up on u.s. but as your last said, europe. i'm not getting into emerging markets, i feel like i'm on a falling knife. >> talking about europe has bottomed and i want your take on europe and emerging markets which have seen outflows all year. is india beginning to turn here? >> i think india...
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Jan 31, 2013
01/13
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ceiling at some point. of course we're going to have to until we get to the point where we have balanced budgets and don't have to continue to run deficit spending. and by the way, i don't think that it's desirable or optimal to cross into that threshold where we are living under the rules of prioritization, because it's very disruptive to not be paying all the other bills on time, as we ought to. that's much better. but my point is there is something even more important here, and that is to fundamentally bring our spending and deficits under control. trillion-dollar deficits, a total debt that now exceeds the total economic output of our country. this is -- we have got a disastrous fiscal situation on our hands. it's right now costing us jobs, costing us economic growth today, and it's guaranteed to result in a full-blown fiscal crisis and a meltdown if we don't change the path we're on. the only time we have ever been able to persuade this president to agree to significant spending reductions was the last
ceiling at some point. of course we're going to have to until we get to the point where we have balanced budgets and don't have to continue to run deficit spending. and by the way, i don't think that it's desirable or optimal to cross into that threshold where we are living under the rules of prioritization, because it's very disruptive to not be paying all the other bills on time, as we ought to. that's much better. but my point is there is something even more important here, and that is to...
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Jan 13, 2013
01/13
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KGO
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if you hit the debt ceiling limit, you can be at the point where at the beginning of the month, you can't send out social security checks on time. the last tame we got social security reform was 1983. why? because we weren't going to send the checks out on time. let's get real. >> but they are going to back down. that's why in the end they -- sounds great now. >> you think they're definitely going to do it. >> i think he'll go up to the brink and get cold feet and go to the sequester which comes up right after. i think the battle will be waged over that. this is the losing proposition. >> peggy. >> i think it should be noted we have a president. i think it should be noted that he should be sitting down and talking with those who would move -- attempt to move forward -- >> good point. >> -- on spending. i consider it unusual that this president can never make a deal with those folks. >> but this is not something to negotiate over. you do not negotiate with hostage-takers. that's the white house position. they're right about that. you just don't negotiate on this. you can negotiate on the s
if you hit the debt ceiling limit, you can be at the point where at the beginning of the month, you can't send out social security checks on time. the last tame we got social security reform was 1983. why? because we weren't going to send the checks out on time. let's get real. >> but they are going to back down. that's why in the end they -- sounds great now. >> you think they're definitely going to do it. >> i think he'll go up to the brink and get cold feet and go to the...
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ceiling the fact as you point out that that yes platinum and gold and silver. mentioned in the founding documents united states are referred to and used as money and maybe that might be a solution and getting away from paper they day that was never an issue in the conversation right now that you've a kind of nice of you saw them talk about it and you're like yeah you know. and then you sort of. you've got this is just completely in mess today they can understand and we just have a choice everything is just a quick solution is how they're going to get things done and it's just you know how can we do this and we can carry on doing what we're doing in the first place and you know you say it's in the constitution that they should be having this and i've been spending a bit of time it's boring to sound like other countries constitutions and it's not just the u.s. this say that you know this country should be minting gold and silver coins and last week am i right so we don't think of the trial of the pigs where it was a time old trial that happens in the u.k. where a
ceiling the fact as you point out that that yes platinum and gold and silver. mentioned in the founding documents united states are referred to and used as money and maybe that might be a solution and getting away from paper they day that was never an issue in the conversation right now that you've a kind of nice of you saw them talk about it and you're like yeah you know. and then you sort of. you've got this is just completely in mess today they can understand and we just have a choice...
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Jan 15, 2013
01/13
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at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me a little bit nervous. n
at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well....
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Jan 14, 2013
01/13
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FBC
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ceiling game. the president didn't wait for the inauguration. he came out and of course what he's going to say is his past bills released the money, that's what should be done. he didn't answer a question in the press conference as to whether or not he has authority to just order that money released which was interesting. but the republicans, they told you on the revenue part of this bill what they were going to do is use the debt ceiling along with the sequester funds to try to reach a compromise where there's more spending. where there's more cuts in spending is what i'm trying to say. so what i thought today was a shot across the bow, i was very surprised the republicans didn't hold another conference to immediately repudiate it, but this is what we're going to see for the next 7 or 8 weeks, and you can only fool the public some of the time. i think we're all agreeing there's going to be spending cuts. the debt ceiling is going to be made. america is not at the end of the day going to --. on the
ceiling game. the president didn't wait for the inauguration. he came out and of course what he's going to say is his past bills released the money, that's what should be done. he didn't answer a question in the press conference as to whether or not he has authority to just order that money released which was interesting. but the republicans, they told you on the revenue part of this bill what they were going to do is use the debt ceiling along with the sequester funds to try to reach a...
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Oct 2, 2013
10/13
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CNBC
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ceiling problem and i think at that point it becomes a crisis. whether a crisis of confidence for the whole country i don't know. the stock market is not telling me that yet. >> neither is the bond market. >> thank you. it's much different than the jimmy carter days when we did have a crisis of everything. >> are we being lulled by this? this is not the first time this has happened. jimmy carter malaise was a different animal. the one i equate this to is august 11th when we had the debt ceiling debate that time around and being held hostage, keith, and the market saw unprecedented volatility of 4% each day. now we have nothing. >> we're not seeing that this time. i think there's a great deal, sense of deja vu, been through this sort of shell before. we don't know where this is going to be resolved. i'm not sure it's going to last as long as larry says. the president getting involved, meeting with business and congressional leaders, that's a sign there will be increased pressure on members of congress to do something. i don't think john boehner wa
ceiling problem and i think at that point it becomes a crisis. whether a crisis of confidence for the whole country i don't know. the stock market is not telling me that yet. >> neither is the bond market. >> thank you. it's much different than the jimmy carter days when we did have a crisis of everything. >> are we being lulled by this? this is not the first time this has happened. jimmy carter malaise was a different animal. the one i equate this to is august 11th when we...
54
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Jan 22, 2013
01/13
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call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is being fueled by historic highs for the dow transports for the fifth straight session. let's get straight down to courtney reagan on the floor of the nnysc. >> we are seeing the dow outperform, making it the fifth way that the transport also hit the historic highs. we have seen this pattern of the transports outperforming the industrials since the middle of december. airlines gained the most, up about 28% since the november 16th low. but if we look at stocks overall, you mentioned t not a super exciting day from the onset. we moved in
call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is...